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Property profile & analytics
OFF-MARKET Estimated value $11,660,000
Community centers

5850 Atlantic Ave Delray Beach, FL 33484-8429

44,234 SF 7.66 ac lot Built 1986
Entity Owned ~ Est. High Equity
Property ID
US18-0209644
Property summary
AI-generated overview

This exceptional Delray Beach property, located at 5850 W Atlantic Ave, offers 8,867 square feet of immediately available space in a multi-tenant building. The property boasts a prime location with excellent visibility and signage opportunities on West Atlantic Avenue, a signalized intersection at Via Flora. The building itself is a Class B property, totaling 65,000 square feet, comprised of three single-story buildings constructed in 1980 and renovated in 2020. The space features a 15-foot ceiling height and is ideal for a variety of uses, currently configured as a gym. Ample parking is available with a 5/1000 ratio. The property sits on 8.5 acres of land and is zoned CG in Palm Beach County, Florida (zip code 33484). Utilities include 120/240 power. While there are no elevators, the single-story design ensures easy access. The minimum divisible space is 8,867 square feet, with a maximum contiguous space of 8,867 square feet. The building has a total of 12 suites. This is a rare opportunity to secure a significant space in a highly desirable Delray Beach location. 24-hour access is available.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction CONCRETE
Total area 44,234 SF
Lot 7.66 ac (333,508 SF)
Zoning code CG
APN 00-42-46-14-00-000-7040
UPID US18-0209644
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Antimicrobial Solutions Industrial Manufacturer Production Facility
  • Walalight Industrial Manufacturer
  • Dr. Joesph M. Mavica, DO Physician
  • Galaxy Hair & Nail Studio Hair Salon Nail Salon
  • Papa John's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$13.10M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.66M
Owner & transaction history
175 Lake Avenue Realty LLC
175 Lake Avenue Realty LLC
since 2025
Last sale
$15.5M
7 recorded transactions
2025
Price N/A
2025
$15.5M
2019
Price N/A
2007
$3.4M
1995
$1.9M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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